Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.036%

Price spread now: Bitget against Hyperliquid−0.169%7-day average −0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$680.675% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.321%−$32 on $10k

Price spread, last 7 days+0.157%+$16 · spread now −0.169%, 7d avg −0.132%

Together, before fees−0.163%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.037% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.132%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04322	0.0100	pay 0.0013% / 1h	52m 18s	$14.6M	$7.2M	5x
Short	Bitget STRKUSDT	0.04315	0.0100	get 0.0050% / 4h	2h 52m	$3.0M	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee BitgetbpOrdersPrice spread, now −0.169%Rate

Funding earned: $0
Price spread: −0.169% → −0.132%: −$3.72
Slippage, 4 orders: −$46.53
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$71.25
Costs to cover: 0.675%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 10 min ago	3.45 bp	10.1 bp −$10	39.6 bp −$396	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.90 bp	22.5 bp −$23	42.8 bp −$428	doesn't fit	doesn't fit

STRK on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International STRK-PERP-INTX	−0.0560%	1h	0.04294	−0.648%	$60K	$92K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0306%	1h	0.04318	−0.082%	$457K	$529K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04314	−0.189%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.307%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04312	−0.223%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04322	long leg	$14.6M	$7.2M	5x
Aster STRKUSDT	+0.0100%	4h	0.04315	−0.172%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04315	−0.164%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04316	−0.149%	$12.3M	$48.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04312	−0.231%	$15.0M	$21.5M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04316	−0.139%	$4.7M	$22.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04315	−0.162%	$578K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04317	−0.116%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04316	−0.139%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDTshort	+0.0100%	4h	0.04315	−0.169%	$3.0M	$4.0M	75x
BingX STRK-USDC	+0.0100%	4h	0.04313	−0.208%	—	$726K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04314	−0.185%	$23K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04301	−0.490%	$349K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04297	−0.579%	$185K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04420	+2.267%	$2K	$847K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04315	−0.152%	$119K	$663K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04310	−0.278%	$747K	$821K	75x	as long as short
Lighter STRK	+0.0424%	1h	0.04322	0.000%	$264K	$504K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.1140%	1h	0.04323	+0.023%	$8K	$44K	25x	as long as short